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opel24v

8,907 Posts.

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16/12/16

15:09

Post #: 21394781
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Originally posted by abdm ↑

Hi smac,

I believe that P&G will enable OBJ to acheive all milestones, however on the topic of milestone 3, back in 2006 the Harvard Business Review published an article titled, Connect and Develop: Inside Procter & Gamble's New Model for Innovation. At the end of the article the authors issued the following statement under the subtitle, 'Adapt or Die'

"We believe that connect and develop will become the dominant innovation model in the twenty-first century... Companies that fail to adapt to this model won’t survive the competition."

~ Connect and Develop: Inside Procter & Gamble’s New Model for Innovation

In 2010 P&G stated that one of its renewed objectives for the Company's already famous Connect + Develop Business Model was to continue transforming the way business is done but would only partner with the world’s most innovative minds for delivering the company’s largest new product initiatives.

P&G's New Business Creation and Innovation Group was then formed to become a major part of P&G's future business strategy - a group that we've since learned is a significant ally to the OBJ/P&G partnership - a group that we have since learned only work with disruptive innovation - a group that we have since learned is only involved in P&G's +$200m new product opportunities - a group that we have since learned have been directly involved in every single one of P&G's largest new product initiatives proliferated over the past 10 years - and, a group that we've since learned also played a direct advisory role for OBJ performance shares...

As you say, smac, we are 70% through the time period but only about 5% towards the 20 million goal, and based on public notices and financial reporting by the Company to date achieving milestone 3 by November 2017 would by any stretch of the imagination be an almost impossible task from where we're sitting today. And, as a fellow investor, if I were relying solely on the Company without the support of a major partner to get this one over the line then I would certainly be sharing a certain level of angst. However, I have never doubted for a moment that P&G will enable OBJ to reach this milestone, not because they simply have means to do so, but because it forms a very important and integral part of P&G's Connect+Develop Partnership Strategy.

Back on 18/05/2012 OBJ released an announcement titled, "Procter and Gamble Enters Joint Development Agreement" which disclosed that, "The two companies began collaborations over a year ago as part of P&G's Connect+Develop open innovation program." P&G also permitted OBJ to release the following statement from the senior executive at P&G charged with driving P&G's Connect + Develop Partnership Program...

“P&G’s partnership with OBJ and our joint commitment of collaboration directly aligns with P&G’s business strategies, working to develop new solutions and innovations that can touch and improve the lives of our consumers all over the world."

~ Jeff Weedman, VP of Global Business Development, P&G

"If we find a company that is of strategic interest to us, we have no hesitation and there is no limitation on how we choose to participate. It could be a question of what can P&G bring to the party that will help enable the partner company get to their next milestone? We have learned that every company is different, every company is unique, and so we have to figure out what we can do that will help enable them to get to their targets?"

~ Jeff Weedman, VP of Global Business Development, P&G

"Sometimes there is an amazing lack of understanding and companies are scared of talking to P&G and they assume that they are at risk. Our reputation to connect and develop goes away pretty quickly if we are not fair..."

~ Jeff Weedman, VP of Global Business Development, P&G

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ABDM, I always enjoy your posts on OBJ. Wishing you and your family a very merry Christmas and a very prosperous (OBJ) New Year!

OBJ Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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